Community Health Systems Announces Retirements of Division President William S. Hussey & Chief Information Officer J. Gary Seay
November 04 2015 - 3:15PM
Business Wire
Community Health Systems, Inc. (NYSE: CYH) announced today that
two of its corporate officers, Division President William S. Hussey
and Chief Information Officer J. Gary Seay, will retire at the end
of the year.
William (Bill) Hussey currently oversees Division VI Operations,
which includes affiliated hospitals in Florida, Georgia and South
Carolina. He joined Community Health Systems in June 2001 as a
group assistant vice president. He was named Division President in
2007. During his tenure with Community Health Systems, Hussey has
overseen the strategic acquisitions of several hospitals and large
multi-specialty clinics, and he was a key member of the integration
team in the acquisitions of Triad Hospitals, Inc. and Health
Management Associates, Inc. Hussey has served as a member of the
board of directors of the Federation of American Hospitals and the
Coalition to Protect America’s Healthcare. He is a Fellow of the
American College of Healthcare Executives.
Commenting on the announcement, Wayne T. Smith, chairman and
chief executive officer of Community Health Systems, Inc., said,
“Bill Hussey’s passion for creating the best possible healthcare
experience for patients has been a guiding force for the many
hospitals he has led across our organization. He is first and
foremost a champion of clinical excellence, quality and safety. We
also have benefitted from Bill's experience as an astute hospital
operator, his deep knowledge of our industry and his relentless
attention to the details of our business. Bill’s enduring impact on
our organization will continue through the excellent care delivered
in hospitals across America.”
Gary Seay joined Community Health Systems in 1997 to lead
technology initiatives and information systems. He has been
instrumental in the Company’s work to implement electronic health
records in affiliated hospitals and clinics and to bring forth
technologies to advance operational and financial performance,
security and information infrastructure. Seay has overseen the
deployment of standardized IT systems and numerous IT conversions
for hospital, healthcare system and clinic acquisitions. Seay’s
community involvement spans numerous charitable organizations and
academic and technology councils, including his service as a board
member of the Nashville Technology Council, past chair of the
Tennessee HIMSS CIO Advisory Council and adjunct assistant
professor of management at Vanderbilt’s Owen Graduate School of
Management.
Smith noted, “The evolution of healthcare IT over these years
has been nothing short of remarkable. Gary Seay has stayed at the
forefront of how technology and information systems can improve
patient care and operational and financial processes. He has
accepted every challenge, stayed adaptable through rapid change and
always focused on doing what is right for our patients, hospitals,
clinics and business. He has assembled an excellent, skilled team
that will continue to push our company forward through IT
initiatives.”
In closing, Smith said, “A hallmark of our company’s success has
been our tenured, experienced leadership team. Bill and Gary have
been part of this team for many years, and they have contributed to
our exponential growth and many accomplishments over the years. We
will miss their leadership, but we also look forward to fresh
perspectives as our company works through transformational change
in the months ahead, especially with the spin-off of Quorum Health
Corporation and the realignment of our operating divisions early
next year. I am confident that we have the right strategies, the
resolve and a deep bench of leadership resources to move our
organization forward with continued success.”
Successors for Hussey and Seay will be named before the end of
the year.
About Community Health Systems, Inc.
Community Health Systems, Inc. is one of the largest
publicly-traded hospital companies in the United States and a
leading operator of general acute care hospitals in communities
across the country. Through its subsidiaries, the Company currently
owns, leases or operates 198 affiliated hospitals in 29 states with
an aggregate of approximately 30,000 licensed beds. The Company has
announced plans for a spin-off transaction to create a new,
publicly-traded company, Quorum Health Corporation, with 38
affiliated hospitals and related outpatient services in 16 states,
together with Quorum Health Resources, LLC, a subsidiary providing
management and consulting services to non-affiliated hospitals. The
transaction is expected to close during the first quarter of 2016.
The Company’s headquarters are located in Franklin, Tennessee, a
suburb south of Nashville. Shares in Community Health Systems, Inc.
are traded on the New York Stock Exchange under the symbol “CYH.”
More information about the Company can be found on its website at
www.chs.net.
Forward Looking Statements
Certain statements contained in this communication may
constitute “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements
include, but are not limited to, statements regarding the expected
timing of the completion of the spin-off transaction and
realignment of the Company’s operating divisions and other
statements that are not historical facts. Such statements are based
on the views and assumptions of the management of the Company and
are subject to significant risks and uncertainties. There can be no
assurance that the proposed transaction or these future events will
occur as anticipated, if at all, or that actual results will be as
expected. Actual future events or results may differ materially
from these statements. Such differences may result from a number of
factors, including but not limited to: the timing and completion of
the proposed transaction; a failure to obtain necessary regulatory
approvals; a failure to obtain assurances of anticipated tax
treatment; a deterioration in the business or prospects of the
Company or Quorum Health Corporation; adverse developments in the
Company’s or Quorum Health Corporation’s markets; adverse
developments in the U.S. or global capital markets, credit markets
or economies generally; the risk that the benefits of the proposed
transaction may not be fully realized or may take longer to realize
than expected; the impact of the proposed transaction on the
Company’s third-party relationships; the Company’s ability
following completion of the spin-off to identify and acquire
additional hospitals in larger and more urbanized markets with
terms that are attractive to the Company and to integrate such
acquired hospitals; and changes in regulatory, social and political
conditions. Additional risks and factors that may affect results
are discussed in the Company’s most recent Annual Report on Form
10-K and other public filings with the Securities and Exchange
Commission. The forward-looking statements speak only as of the
date of this communication. The Company does not undertake any
obligation to update these statements.
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version on businesswire.com: http://www.businesswire.com/news/home/20151104006288/en/
Community Health Systems, Inc.Investor Contact:W. Larry Cash,
615-465-7000President of Financial Services and Chief Financial
OfficerorMedia Contact:Tomi Galin, 615-628-6607Senior Vice
President, Corporate Communications, Marketing and Public
Affairs
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